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Re: ::::IIVU ASKARII:::: Fin621 Quiz answer pliz

 

 How would the sale of merchandise on account be represented in the seller's records?
Select correct option:

Increase assets and increase expenses
Increase assets and decrease liabilities
Increase assets and increase paid-in capital
Increase assets and decrease revenues --


sale of merchandise increases cash (cash inflow) and increase in cash inflow means increase in paid-in capital or liability.



We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
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--

وإن ليس للإنسان إلا ما سعى

"اللہ آپ کو آسانیاں عطا فرمائے اور آسانیاں تقسیم کرنے کا شرف عطا فرمائے"آمین

"Believe ,Behave & Become"

"shortest solution of every problem is by minimizing distance between forehead and floor. Those who kneel down to Allah can stand up to anything."

"Zalimon per Allah ki Laanat" (And we think Hackers when working against any one with negative attitude or to destroy some one, is also doing Zulm.)
 
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--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
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